Norway's Aker BP could expand its oil and gas business to other countries if it comes across competitive opportunities abroad, its chief executive told Reuters on Thursday.Any move to invest outside its native Norway would be a change of strategy for Aker BP…
Western Europe's largest oilfield, Johan Sverdrup, will ramp up its production in early May, sooner than previously expected, Swedish independent oil firm Lundin Energy said on Thursday.'Phase 1 production capacity is about to step-up to 535…
Maersk Drilling has won a two-well contract for its jack-up drilling rig Maersk Integrator with Aker BP in Norway.The Danish drilling company said Friday, that rig will, in direct continuation of its previously announced work scope with a different operator…
A Norwegian appeal court has ordered the offshore accommodation firm Prosafe to pay NOK 465 million (~$55,49 million) to Westcon Yards, overturning the Stavanger District Court's order from 2018, related to a conversion work on an offshore accommodation rig…
Marine seismic survey company Shearwater GeoServices has won a contract with the Norwegian oil company Aker BP for an ocean bottom seismic (OBS) 4D survey. The project is at the Ivar Aasen field in the Norwegian part of the North Sea.The survey…
Norwegian oil and gas company Equinor has won a drilling permit to drill an appraisal well in the Barents Sea, offshore Norway.The Norwegian Petroleum Directorate (NPD), which granted the permit, said Equinor would drill the well, formally known as well 7322/6-1 S…
Norway's Aker BP will raise output by 70% by 2028 to more than 350,000 barrels of oil equivalent per day (boepd), the independent oil and gas firm said on Thursday, sharply lifting its investment target.Capital spending will increase to $2.2 billion-$2…
Just days after exercising a one-well option for Odfjell Drilling's Deepsea Atlantic semi-submersible drilling rig, Norway's oil and gas firm Equinor has exercised another one.The offshore drilling company said Monday: 'Further to our press…
Norwegian oil and gas company OKEA said Tuesday it has appointed Svein J. Liknes as new CEO of OKEA.OKEA said that Erik Haugane (68) the founder and current CEO of OKEA has been in discussion with the Board about his succession 'for some time'…
Sweden's Lundin Energy, a partner in Norway's giant Johan Sverdrup oilfield, said on Thursday it expected the field's production capacity and its reserve estimates to grow in the future.Production capacity from 2.2 billion to 3.2 billion barrels of oil equivalent (boe) field…
South Korean shipbuilding giant Samsung Heavy Industries must pay $411 million to offshore drilling contractor Stena Drilling, a London arbitration tribunal has ruled.The spat between the two companies began after Stena Drilling in 2017 terminated…
The Norwegian authorities have approved Aker BP's development and operation plan for the Hod field in the Norwegian part of the North Sea.Aker BP submitted the plan for development and operation of the Hod offshore field to the Ministry of Petroleum and Energy in June…
The Petroleum Safety Authority Norway has this week given its consent to oil firms Chrysaor and Aker BP to use the COSL Innovator and Maersk Integrator drilling rigs, respectively, for their drilling projects offshore Norway.Chrysaor, which is working to complete its merger with Premier Oil…
Sitting at 49% of the total cost of decommissioning, wells plugging and abandonment (P&A) has long been high on the hit-list on the decommissioning cost reduction agenda. It’s a task that has no returns on the cost to do it, and activity is increasing…
Norwegian offshore vessel operator Eidesvik Offshore has secured a time charter contract with the Norwegian oil firm Aker BP.The contract is for the 2012-built, LNG-powered platform supply vessel Viking Prince.Eidesvik said that the contract for the 89…
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